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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (31457)7/11/2008 10:34:10 PM
From: Keith J  Read Replies (3) of 78702
 
Paul, like you I have been early accumulating "value" stocks as well.....but regardless:

Added to RCL - selling at considerably less than tangible book value and about a 7 P/E on 2008 projected earnings, and is becoming less U.S.-oriented.

Purchased NXY which appears tremendously undervalued compared to current oil prices - Merrill has a $61 Canadian target based on $70/barrel long-term crude price.

Both of these generate significant cash flow from operations, and I easily could see a takeover of either, though I doubt it would be likely. But after seeing BUD, ROH, and HPC offers recently, one never knows.

KJ
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